Lower costs, exchange rate boosts Brazil's Ambev net profit in Q3 as sales dip
Tuesday, 31 October 2023 Brazilian brewer Ambev reported a 19.3% increase in net profit, driven by lower aluminum prices and favorable exchange rates. However, total net revenue in Q3 fell short of analysts' expectations. Sales were lower in South Latin America and Canada, but continued to grow in Brazil, led by premium beer brands such as Corona and Stella Artois. Earnings before interest, tax, depreciation, and amortization (EBITDA) also grew significantly. Ambev forecasts that its fourth-quarter EBITDA will surpass the growth achieved in 2022.
Delta Sees $1.11 Billion Profit , Ahead of Strong Holiday Bookings.
ABC reports that Delta Air Lines
gained $1.11 billion in profits as summer
travelers packed planes in the third quarter. .
On..
Credit: Wibbitz Top Stories Duration: 01:30Published
Tuesday, 31 October 2023
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